Relating to licensing requirements for insurance umpires and appraisers; authorizing fees; providing an administrative penalty.

HB 4074 establishes licensing requirements for insurance umpires and appraisers in Texas. It requires individuals to obtain a state license by completing a 40-hour course, passing an exam, passing a background check, paying fees, and maintaining a $10,000 surety bond. The bill also mandates 24 hours of continuing education every two years, including ethics training and insurance appraisal topics, with a $50 administrative penalty per deficient hour for non-compliance. These requirements apply directly to professionals serving as neutral third parties in insurance disputes. The bill creates a new regulatory framework under the Texas Department of Insurance to oversee these roles.